THIS MARKET SUCKS

If you bought high beta growth this morning, in the hopes of catching a nice 10% rip to the upside, you caught an ax to the face instead. I was sitting in my office, lamenting my position, trying to figure out–FOR THE LOVE OF GOD, how to escape this tragic nightmare I find myself in. I gathered up my courage and crafted a portfolio of stocks that I felt would yield between 3-5% over the next month, then I got cold feet. It’s a good thing because this market is selling off into tomorrow’s jobs numbers.

If the jobs numbers are weak tomorrow, coupled with the fact that the Fed is being led by an old seahag, kiss this market goodbye, for it will drift out to sea, doling out egregious losses along the way.

If you are having a decent year, play the jobs numbers and do it with style. If you’re like me, hard core loser, down 32% for the year, you might want to pick a better spot to gamble.

Breadth stands at 42% and TLT is through the roof, hardly a bullish scenario to behold.

Can we just say once again that high beta growth is DONE (for now) too much damage doe, too many people trapped, for this recover in any meaningful way without long drawn out basing action. Take that shit of the screen, turn page for good… You haven’t kept MCP and REE on your screen after they died did you? Let’s just focus on what works and move on for good.The future is bright.

Shocking video I just saw about Israel’s “peace partners” – a must watch to understand what is going on in the Middle East:

“Traces the history of PLO/Fatah, now better known as the ‘Palestinian Authority,’ the organization that will govern a future Palestinian State. The video shows how PLO/Fatah emerged from the German Nazi Final Solution.”

if rates for the 30 yr and 10 yr keep going down then divvy ETFs are the place to be. look at the charts for XLU (+15% ytd), ICF (+15%), DIV. you can even buy 2x and 3x levered div ETFs like DRN (+43%), MORL (+27%), MLPL. hell, UBT (2x of TLT) is up 23% ytd!! i wouldn’t buy ’em here b/c they are overbought, but i’ll watch to see how they act on a dip.

Happy May Day, China will be closed again tonight. I am still waiting to see if China Govt announces something. In Market tops, which I learned in 2008, even the best stocks with the best fundies dive. Yellen doesn’t even have Stanley F. yet at the meetings, I can’t wait until he is at the meetings.

Cascadian, Watching many of his interviews, it is clear that he is not a follower. With a couple of hawks on the FOMC, we can see them egging on Fischer. Fischer wants to get along, but I can see a major shift from Rubber Stamping the Fed Head once he joins them, esp with bad econ data. Fischer in his heart is not a QE forever guy.

the media suck more ( i mean they do – i mean did – exactly what they’re supposed to ) :

May 1, 2014
5:23 PM
Dow Theory back in action as transports, industrials hit record

Last week, the Dow Jones Transportation Average closed at a record level, exciting a lot of Dow Theory enthusiasts who waited for the confirmation from the Dow Industrials. Finally, they got it.
May 1, 2014

The jobs number has been nothing but fiction for the last 5 years at least.
Massaged, manipulated and manicured to prove to the Merakin public that the mighty 1-2 punch of 0bama’s “package” and the Fed’s endless supply of red ink can handle any crisis.
Our government has lost any semblance of credibility in the eyes of not only the citizens of this country but also nearly those of the entire world.

I am -1% for the year, 100% long EWZ, with 25% leverage short via ES futures. If the jobs report is good, ill eat my losses on the futures. Otherwise, I’m just trying to hedge my way down a correction. I don’t see any major breakout catalyst coming soon.

It’s all about the insurance companies people! if Granny continues ZIRP if FUCKS the pension complex that has a rolling duration risk – in other words, they have a cash flow problem with new ZIRP bonds replacing bonds that had a yield – Denninger (I know many of you hate him), pointed this out a LONG time ago! – Yellen will sacrifice the stock market before she lets the Insurance companies go.

$LNKD got smoked after their conf. call because their guidance sucked and we can expect more carnage and going forward. So if you are short…stay short. They have a world of hurt valuation wise and growth wise much more than $TWTR…sell both

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